I have compiled some resources, my blog articles, and summaries related to Dodd-Frank Wall Street Reform And Consumer Protection Act (Dodd-Frank), Sarbanes-Oxley Act (SOX), their implementation, and challenges or future issues, as well as discussion of other legislation affecting startups or emerging growth companies.
The listed objectives and sections of the Dodd-Frank Act are (more info listed on the linked page above):
- Wall Street Transparency and Accountability Rules and Implementation
- Payment, Clearing and Settlement Supervision
- Add Investor Protections and Improvements to the Regulation of Securities
- Add New Bureau of Consumer Financial Protection
The Sarbanes-Oxley Act was implemented in 2002 and deals with the following topics/issues:
- Public Company Accounting Oversight Board (PCAOB)
- Auditor Independence
- Corporate Responsibility
- Enhanced Financial Disclosures
- Analyst Conflicts of Interest
- Commission Resources and Authority
- Studies and Reports
- Corporate and Criminal Fraud Accountability
- Corporate Tax Returns
- Corporate Fraud Accountability
IV) SEC Rule-making on Dodd-Frank (External Link)– You can find information directly from the SEC website with updates on implementation of Dodd-Frank and issued rules and guidance. There are also articles posted on this linked page.
Covers the following topics: Overview and Implementation, Executive Compensation, Executive Ratios & Comp Disclosure, Disclosure on Hedging Activities, Comp Claw-Back Policies, Proxy Requirements, Say on Pay, Say on Golden Parachute, ISS, Compensation Committee Independence:
Legal Disclaimer: All answers and discussions in this article are meant to be general and educational in nature only and should not be relied upon as legal, business, or tax advice for your specific situation. Most discussions refer to laws and regulations as applied to a California corporation and these can vary by location, as can other factors in certain situations within California, so it is always best to consult with a licensed local attorney with experience in these matters. Use of, or any discussion as a result of these articles does not create an attorney-client relationship and is not governed by rules on confidentiality.